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Olegator [25]
3 years ago
11

acc 440 There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. Th

ere is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 81,900 shares of common stock at $20 per share. (a) Compute basic earnings per share for 2021.
Business
1 answer:
fomenos3 years ago
8 0

Answer:

a. $1,32

Explanation:

<em>Hi, I have attached the full question as pdf below !</em>

Basic Earning per Share = Earnings attributable to Common Stockholders ÷ Weighted Average Number of Common Stocks outstanding

<em>Workings</em>

Basic Earning per Share = [$1,230,000 - ($1,990,000 x 7% x 80%) - ($4,110,000 x 7%)] ÷ 627,000 =

Diluted Earning per Share = Adjusted Earnings attributable to Common Stockholders ÷ Adjusted Weighted Average Number of Common Stocks outstanding

Download pdf
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Madison Company issued an interest-bearing note payable with a face amount of $10,800 and a stated interest rate of 8% to the Me
Aleks [24]

Answer:

$360

Explanation:

Interest Expense associated with the loan is the only operating cash flow. We need to calculate the interest expense first

As the note is issued on August 1, year 1, only  5 months has been passed on December 31, year 1, So we calculate the interest expense for only 5 months.

Interest Expense = Value of Note x Stated Interest rate x 5/12 = $10,800 x 8% x 5/12 = $360

It is assumed that the interest is paid on December 31, year 1.

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3 years ago
You are trying to convince a group of volunteers to show up at the library for their scheduled hours of work. Unfortunately, peo
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it was punishment for them

3 0
3 years ago
A kilobyte (kb) is equal to ____ bytes, but is usually thought of as approximately 1,000 bytes.
hoa [83]
The answer is 1 KB is equal to 1024 Bytes
6 0
3 years ago
generally accepted government auditing standards define and describe three broad types of audits that may be performed: financia
QveST [7]

Generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, attestation engagements and performance audits.

<h3>What is Government?</h3>

A government is refer as administrative body which helps in the proper functioning of the country by maintaining peace and order by implementing laws and legislation describe in the constitution.

Generally accepted government auditing standards are refers as measures or guidelines provided by the government to calculate the or check the accountability and performance.

Learn more about Government, here:

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3 0
1 year ago
Which of the following asset accounts is increased when a receivable is collected? a.Accounts Payable b.Supplies c.Cash d.Accoun
Nikitich [7]

Answer:

(C) Cash

Explanation:

Receivables means deptors. These are obligations that has been honoured and value given, but you're yet to get cash. Receivables are seen as such. So the things you've given value to and you're yet to receive cash or payment for are receivables.

So when receivables are collected, then the asset account Cash is increased.

On the Delivery of goods or Services, the company debits Accounts Receivable and credits what is known as Sales Revenues or Service Revenues. When an account receivable is collected say 30 days later, the account receivables is reduced and the Cash or bank account is increased.

7 0
3 years ago
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